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Fred2020's Posts

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TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 7:33am On Aug 02, 2025
I'm currently dealing with a tricky situation and would appreciate any advice on how best to proceed.

I unfortunately found myself dealing with a rogue tradesperson who has failed to show up for the agreed work and has become increasingly difficult to reach to confirm any start date.

I paid him a deposit via bank transfer. Luckily, after I reported the issue as suspected fraud, the bank froze his account.

He’s now saying that once the account is unblocked, he will refund me, as the funds are still in the account. While that might sound reasonable on the surface, I no longer trust that he’ll follow through if I inform the bank the issue is resolved and his account is unblocked.

I informed the bank about this and they mentioned they cannot guarantee he would pay if I agree to have his account unfrozen.

Any suggestions or experience dealing with his?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 9:28am On Aug 01, 2025
Are there commissions or fees to be paid when a rights issue is exercised?

At the current share price, UBA is cheaper in the open market than the rights issue.

I wonder if that changes when transaction charges are considered?

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 6:52pm On Jul 31, 2025
megawealth01:
Why run?
my Chief! If the medium-term outlook is red, it's time to grab my slippers and run. I am fairly risk averse, so I stick to established companies.

Question is the medium term outlook good for FBN?
TravelRe: Living In The UK: Property,Mortgage And Related by Fred2020: 6:47pm On Jul 31, 2025
Meogom:
Finally got the keys on Friday as planned after all the Barclays drama. This forum has been a huge source of inspiration and a great bank of information. Reading about people's mortgage journey and learning from them, people sharing insights, all the banter and vibes ati be be lo. Thanks so much to this great house.
Now phase 2 begins, putting the house in order, all my DIY skills will severely put to test, we go dey do am small small.
And @Lexusgs430, no pressure wink grin
Congrats
RomanceRe: Finally Getting Married To Her by Fred2020:
Even those sleeping with different ladies and guys weekly will come and condemn/warn you grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 1:53pm On Jul 31, 2025
megawealth01:
It's a game
Should I run?

almost 20% of my portfolio sits with FBN..hovering around breakeven price.

I am happy to take my small losses and run if the issue is expected to get worse.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 10:05am On Jul 31, 2025
What is up with FBN Holdco, please?

Full offer!
Foreign AffairsRe: Canada Follows France And UK With Plan To Recognise Palestinian State by Fred2020: 7:55am On Jul 31, 2025
Depriest2020:
Surely they'll gather, but their gathering is not of the Lord, they will all scatter in several directions.

All Israel needs do, is to be strong and firm, fear thou not and behold the mighty works of the Almighty God of Israel, the God of your forefathers, Abraham, Isaac and jacob. he will turn the wisdoms of your adversaries to foolishness and the curse of Balak will again through the mouth of Balaam become blessings.
You dont starve a whole population to death because you are at war with their leadership. Israel should know this better given their own history.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 2:08pm On Jul 30, 2025
Jeez2:
UACN on full bid

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 9:30am On Jul 30, 2025
Oasisblue:
The debt is much, plus a Negative Operating Cash Flow: -₦6.25B (vs. -₦11.50B in H1 2024) – Due to working capital pressures (inventory/receivables) is scary.

.
Thanks, I hadn't notice that
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 7:13pm On Jul 29, 2025
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 9:30pm On Jul 27, 2025
US & EU trade deal publicly announced today - any expected impact on the Nigerian stock market?

TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 8:43pm On Jul 19, 2025
Hkana:
It's a sad reality for some families. Some watch their kids go astray before their very eyes and are unable to do anything about it because the only sure way they know that will set such kids straight will get them (the parents) in trouble with "the authority" here. Really sad.
One thing I learnt quickly here is to completely forbid words like hit, beat, knock, hurt being said in the house.

It's one thing to avoid discipline as a contact-sport at home, but it's another to ensure that even mild forms of discipline are correctly worded by the kids. I think the latter is actually what gets more parents in trouble—not necessarily the severity of the action.

I have a 2-year-old who actively copies what his older brother (who's 5) says.

The kids are often completely unaware of the implication of what they say and how it might be interpreted in the environment they're in. Better to forbid those words at home so they dont by a slip-of-tongue use them outside to describe their experience at home.
TravelRe: Living In The UK: Property,Mortgage And Related by Fred2020: 1:04pm On Jul 19, 2025
ehizario2012:
This is a very key information. I lost 11 points on my credit score last month simply because I didn't use my credit card at all... Now I'm wondering if I can draw the credit line while expecting decision from the mortgage lender? Barclays too, seems Barclays love immigrants.
When you use your card as you would normally, pay up the balance monthly leaving no unpaid balance.

The bank is less concerned about your credit card debt if it is fully paid monthly.
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 10:59am On Jul 18, 2025
giselle237:
Speaking from a place of knowledge as I have handled some of these. If you need the father’s consent then that’s no more sole custody/responsibility and therein nullifies the court order for sole custody.
That also means father must be contacted concerning everything for the child.
In child custody stuff, sole custody means one parent gets to make all the important decisions about the kid’s life and the kid mostly lives with that parent. The other parent might still get to visit or stay in touch, but they usually can’t make big calls about things like school or healthcare.
Sole responsibility further streamlines this. Only the one parent is RESPONSIBLE for the child and makes ALL the decisions.
Sadly, your information is GROSSLY incorrect and should be disregarded. Child’s father’s consent will damage this application 1000% more. Cheers.
I’m not suggesting the decision has to be a joint one, and I’m not fully aware of how the law interprets sole custody and the associated rights.

However, the relationship between a parent and a child is a lifelong one — whether the other parent likes it or not. It is fundamentally wrong for one parent to make significant decisions that could materially hinder the other parent’s ability to maintain a meaningful relationship with the child, without involving or informing them in the process.

The key word here is inform/involve the other parent, not necessarily to seek their consent. This is the morally right thing to do, and it is also the right thing to do in the best interest of the child.

If op had done this, the visa application would likely have been successful.

One parent should never weaponise child custody rights against the other.

They are meant to protect the well-being of the child — not to serve as a tool for punishment, control, or revenge between parents.

Regardless, I wish op success in her appeal
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 10:26am On Jul 17, 2025
Lincoln4u:
You don’t know the level of the father involvement in her life, the child in question is 9 years old, she is able to know her right and left. I can boldly tell you she doesn’t recognize her father, that's because he doesn’t care and he has never bn involve in her life
I left Nigeria 2years ago he never went to her to visit her Knowles fully well I’m not around, so how is my move affect a relationship that wasn’t there
He may be a bad father, but he is still a father—even if only in name. Sadly, that’s not something you can undo or rewrite at this stage.

If you are taking a major decision that could affect his ability to meaningfully interact with his child now or in the future, he needs to be carried along or at least informed.

The ECO is right here.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 10:20am On Jul 17, 2025
Streetinvestor2:
Na why una move the thing sharp sharp to #50.
Corruption everywhere you go in naija
UBA is currently trading at N50, what is the benefit of a rights issued at N50? Am I missing something?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 10:12am On Jul 17, 2025
Streetinvestor2:
Just reach out to your broker and tell them you wish to trade ur RI
They will send you necessary documents to fill and sign.Then they trade it for u when it opens. You can't trade it yourself on the floor.
I use Morgan capital. Do I just need to send them an email asking to be allow to exercise the right issue?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 9:10am On Jul 17, 2025
Sunrisepebble:
Below:
How can one apply for the rights issue?
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 8:40am On Jul 17, 2025
giselle237:
Maybe the grandparents have to die on official papers or the father has to die for this visa to be granted .
There was no reason why this visa had to be denied as you provided everything possible but looks like you must still do more unfortunately. You are the child’s mom and have primary responsibility. I don’t know why they want you to be comfortable with your child been brought up by parents. Maybe if the grandparents die then they’ll budge or they both become medically, physically, mentally unfit to care for her…then this could be provided as additional infomation to sway your case.

In the meantime, try to secure a document from the courts saying you have sole responsibility even though they claim it can not be granted by courts— still get it from them.
Are you on a student visa because it looks like the visa officer is trying to force you to leave the UK to go meet with your child rather than for them to come here? They claim you knew there was a possibility your child would not be able to join you.
Even if she has sole custody, I don’t believe it’s appropriate to relocate a child far away from the father without demonstrating that he was at least informed or notified. Sole responsibility for financial support and upbringing doesn’t automatically justify excluding the father from such a significant decision. A move that greatly affects the father’s ability to maintain a relationship with the child shouldn’t happen unilaterally.

If I were the ECO, I would probably also take the same decision.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 7:27pm On Jul 16, 2025
Mpeace:
If Una allow Ote$ he will move FBNH price beyond our darling GTCO.

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 1:41pm On Jul 16, 2025
jonnysessy:
You better keep your gem (Nestle), any share with a full bid has something brewing. Though, i am not aware of any news, i think is better you watch and wait. Or if you want to say by all means just add 10% to the opening price and watch your trade executed. grin grin grin
One of the reasons I took a step back from investing early on was the sheer volume of what appeared to be insider trading on the Nigerian Stock Exchange.

It's hard to ignore how often certain stocks begin moving aggressively days before any price-sensitive information is made public.

Why aren't these patterns investigated more thoroughly by the NSE or SEC?

I noticed this recently with Airtel, but it's definitely not an isolated case.

While some people grow grey hair performing technical analysis of stocks before they buy, others are just riding on insider information.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Fred2020: 12:19pm On Jul 16, 2025
Just when I decided to offload Nestle for being sluggish over the past month, it turns full bid.

Is there something happening with Nestle?

I know many buses have already left, but is there any bus I can still join for a short-term trip?

TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 9:24am On Jul 16, 2025
Lincoln4u:
I submitted sole custody/responsibilty
Probably try getting parental consent from the dad when you appeal.
Foreign AffairsRe: Ukraine Says It Killed Russian Agents Suspected Of Assassinating Intel Officer by Fred2020: 8:04pm On Jul 14, 2025
Quelme:
That's why I said make una dey reason well. Not everywhere swallow those gibberish from the lamestream media. Ukraine is a battlefield between NATO Vs Russia. EOD
Ukraine is a battle field between Russia and Ukraine with both sides having allies who supply weapons.

Russia obtaina weapons and significant industrial support from china, north korea, india, iran....

China alone controls about 80% of global small drone market which is used extensively by russia in the war.

What exactly is your point?
Foreign AffairsRe: Ukraine Says It Killed Russian Agents Suspected Of Assassinating Intel Officer by Fred2020: 2:19pm On Jul 14, 2025
Quelme:
Is it the same reason the US is asking Australia to commit to a possible war with China. Make una dey deceive una self
Are you thinking hat - is a war between USA & China supposed to be compared to one between Russia and a country like Ukraine?
Foreign AffairsRe: Ukraine Says It Killed Russian Agents Suspected Of Assassinating Intel Officer by Fred2020: 12:00pm On Jul 14, 2025
BodyCount:
If Ukraine was capable, it would not need the entire NATO of many countries and USA to support and defend it.
The fact that you are comparing the Russian and Ukrainian capabilities shows how russia has been exposed as a paper tiger.

Prior to the war russia was considered the 2nd best miltary force in the world.

Currently, they are trying not to be second best in the battlefields in Ukraine.

And tell me china which is the world's industrial power house pumping massive amount of machinery and ammunition to russia is not massive help.
Foreign AffairsRe: Ukraine Says It Killed Russian Agents Suspected Of Assassinating Intel Officer by Fred2020: 10:17am On Jul 14, 2025
BodyCount:
And you want to compare that to what Russia is capable of or what they've done?
Dey play grin
If Russia were that capable, it would not need North Korea and Iran to help with the conflict.
TravelRe: Living In The UK: Property,Mortgage And Related by Fred2020: 7:15am On Jul 13, 2025
Meogom:
Hello guys. Please I need your input.
So we've agreed 25th July for completion, and solicitor say contracts would be exchanged this coming week, no chains.
We went ahead to buy some household stuff from curry's on finance (£1640 @0% interest for 12 months). Now estate agent asked that hope we've not gone buying stuff, told her we bought some stuff, she said she was going to get in touch with Barclays to ask if it's a problem, but that we should tell the solicitor to hold on the exchange till we get feedback.
Abeg what should we do in this instance, cos I don't want to tell the solicitor to hold on.
Whats the implications and the worst case scenario, Could Barclays withdraw the mortgage offer cos of this?
We have some funds available for setting up the house, do we just use this to pay the credit?
There is usually a condition on your mortgage offer from barclays asking you not to take any additional loan and pay off any outstanding loan within a number of days. But I think it applies after completion and I dont think Barclays has much control over that once completion is done. However, taking on new loan during the process could be a red flag to your willingness to comply but in this case its not material.

The probable worst is a hit on your affordability calculation which means the bank reduces the max amount they can borrow you.

Based on that number, the bank may consider the impact of an additional £136 monthly outgoing to your affordability calculation.

Are you borrowing the maximum amount Barclays can offer? If not, you may be able to preceed without any impact.

You may be better off paying it outright and letting the mortgage broker know that you have settled it.
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 7:06am On Jul 13, 2025
jedisco:
The ill-thought interventions by the last government in the name of protecting the naira created alot of market distortions and inefficiencies which helped no one aside those round-tripping the naira. I was singing this on another thread years back.

...
Yes, issues still persist but the economy may be turning the corner and there are many early movers in the capital market reaping unreal gains right now.

Interest rate will fall and is falling as interest rate falls.

There is a lot of negative impact to the socio-economic and security condition in Nigeria due to rapid removal of subsidies and devaluation. This area would likely take much longer to fix.

The important thing right now is that there are some green shoots in the Nigerian economy that can blossom into something good if carefully nutured.

God bless Nigeria.
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Fred2020: 8:53am On Jul 12, 2025
On LemFi, the rate has only moved slightly — from around ₦2130 to ₦2070 per pound over the past two months & between 2,000 to 2,200 year to date. That’s quite steady, especially considering Nigeria’s usual FX volatility.

What’s odd is that this is happening even though oil prices are sitting below $70, while Nigeria’s 2025 budget is based on $75/barrel. So technically, the country is already running a budget deficit, yet the naira hasn’t nosedived as one might expect.

On top of that:

The stock market is booming — several equities are hitting the daily 10% limit multiple days in a row.

The debt market is hot — I locked in a 28% interest note on Fairmoney, which is wild. Rates are lower now but over 20% can still be found.

Overall, investor sentiment looks surprisingly bullish for the economy & Trump may just be giving him a boost by continually rattling otherwise safehaven western markets.

I’ve been a tough critic of Tinubu — and I still am — but if this level of relative stability holds, and the financial markets keep performing this way, he might actually be pulling off something significant.

CrimeRe: Maid Refuses To Give 10 Years Old Girl Food As She Did Not Wash Plates by Fred2020: 7:18pm On Jul 11, 2025
The maid herself is a child likely subjected to the same treatment

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